NSW looks to raise $3b from power sale

Date: November 15 2012

New South Wales plans to sell electricity generators to raise up to $3 billion for investment in infrastructure, with talks starting with CLP Holding's TRUEnergy and Origin Energy for two of the four main assets.

The sale process would begin immediately and would be completed in 2013 and 2014, state treasurer Mike Baird said in a statement. He added besides talks with TRU and Origin, the state would also pursue other options to maximise the deal value.

Reuters

This material is subject to copyright and any unauthorised use, copying or mirroring is prohibited.